Financial Accounting Foundation

The Financial Accounting Foundation (FAF) is located in Norwalk, Connecticut. It was organized in 1972 as a non-stock, Delaware Corporation. It is an independent organization in the private sector, operating with the goal of ensuring objectivity and integrity in financial reporting standards.

The foundation is responsible for [1]:

FAF operates four branches in its organization:

The FAF Board of Trustees is made up of members from constituent organizations having interest in financial reporting. These constituent organizations include:

There are currently five officers and fourteen trustees. The FAF operates seven committees:

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